How can I learn more about what a career in mortgage lending really offers?
Visit the career information section of our Web site for a helpful overview of the exciting world of mortgage lending. Talking to successful professionals is another great way to learn more about being a mortgage broker on a daily basis. Check out our free articles to help you decide if a career in mortgage lending is right for you!

How long does it take to get licensed as a mortgage lender?
The approval process allows the license to be issued within 60 days of application and passing the state exam.

What are the education and testing requirements?
Oklahoma law requires all mortgage loan originator applicants to have 18 months experience as a mortgage loan originator or pass a state-approved exam prior to working as a loan originator. The state exam covers state and federal laws and rules relating to mortgage lending. Loan originators must take and pass the state exam prior to functioning as a loan originator.

What is Department of Consumer Credit?
The Department of Consumer Credit is a state regulatory agency originally created in 1969 to regulate the consumer lending business in Oklahoma through the newly adopted Oklahoma Consumer Credit Code. The Code represented the first body of law in Oklahoma comprehensively regulating non-commercial credit, small loans, installment sales and usury. Oklahoma was one of the first states in the nation to adopt a unified code in this field. The Code also exempts Oklahoma from federal regulation, although Oklahoma's rules must be substantially similar to Federal Truth in Lending requirements.

Do I need a college degree to become a mortgage broker?
No. For a mere fraction of the cost of an associate’s or bachelor’s degree, you could be earning a six-figure income as a mortgage pro! For more details on state certification requirements, click here.

What kind of financial investment does it take to start a career in mortgage lending?
Next to nothing. For under $1000, you can be trained, tested, licensed, and ready to cash in on this lucrative career.

Should I get any additional books on the subject?
Sure, reading as much as you can about succeeding as a new mortgage broker is a wise strategy. ProSchools offers an array of books in our online bookstore.

What are the continuing education and testing requirements?
Oklahoma mortgage lending professionals are required to complete 16 hours of continuing education every 12 months. The license is valid for one year and the renewal period ends December 31st of each year.

Can I carry over continuing education hours from one renewal period
to the next?
No.

For more details on becoming a licensed mortgage lender, click here.